3623 Webber StSarasota, FL 34232

Property Details for 3623 Webber St

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

1,467 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

0060-13-0006

APU

60130006

Description

This freestanding, two-story, 2,934 square foot shopping center is located in Sarasota, Florida, at the high-traffic intersection of Webber and Beneva Streets, boasting over 30,000 vehicles daily. Built in 1982, this Class B property features two 1,467 square foot units, each with its own storefront entrance. The ground floor unit includes a reception area, four private offices, multiple storage closets, a kitchenette, two bathrooms, and a shower. The upper unit offers an open workspace, four private offices, and two restrooms. The property sits on a 3,086 square foot lot and is zoned CG. Ample surface parking ensures convenient access. The asking price is $699,000, translating to $238.24 per square foot. This vacant property presents an excellent opportunity for owner-occupancy or lease-out for strong cash flow. The surrounding area demonstrates significant residential density and high average household income: within one mile, there are 6,521 households with an average income of $75,884; within five miles, 102,152 households with an average income of $73,586; and within ten miles, 182,657 households with an average income of $77,432. This property offers a compelling investment opportunity in a thriving Sarasota location. The gross lease type and vacant tenancy provide flexibility for the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $572,031

  6.5%

  $528,028

  7%

  $490,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $741,622

  Geo Method

  $675,154

• Alternative Use

  Use

  Valuation

  Residential

  $445,412

  Hospitality

  $407,995

  Educational

  $339,447

  Medical

  $351,121

  Retail

  $528,028

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3093

Longitude

-82.497

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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